Banknifty analysis for 17 july 2025

 Here’s  intraday BankNifty analysis post:

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🔥 BankNifty Intraday Setup – 17 July 2025 🔥


Trade Setup Using Price Action + CPR + Option Chain (OI)

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✅ BankNifty Chart Analysis


Price faced resistance near 57250–57300 zone (trendline + supply zone).


Support seen around 57000–56900 zone.


Market closed at 57168.95, just near CPR top level.

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📏 CPR Levels:


Pivot: 57050


Top CPR (TC): 57170


Bottom CPR (BC): 56930


➡️ Since price closed near CPR top, bias is neutral to slightly bullish.

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🔍 Option Chain Analysis (OI Data)


Put-Call Ratio (PCR): 0.87 → Slightly Bearish Bias


📌 Call Side (Resistance Zones):


57000 CE – 12.31 L OI


57200 CE – 5.26 L OI


57500 CE – 10.22 L OI (Major Resistance)


📌 Put Side (Support Zones):


57000 PE – 12.73 L OI (Strong Support)


56800 PE – 3.02 L OI


56700 PE – 2.82 L OI

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🎯 Support & Resistance Levels


Type Zone Reason


Resistance 57250–57300 Price Rejection + CE Buildup

Support 57000 PE Buildup + CPR

Next Support 56800 Volume + OI

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🧠 Intraday Trade Idea (Low Risk Setup)


📉 Short Near Resistance


Sell Near: 57250–57300


Trade: Buy 57000 PE 


Stop Loss: 57340


Targets: 57000 → 56820


➡️ Good Risk:Reward = 1:2+


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📈 If Market Opens Gap Down


Watch 57000–56930 zone (CPR + PE support)


If support holds → Go Long


Buy above: 57050


Stop Loss: 56920


Target: 57200–57250

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📌 Final Tips:


Watch VWAP, CPR, and OI data live.


Don’t chase; wait for price to reject key zones with volume.

Thanks 

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